In the News—Week of June 23, 2025

Thomas Title & Escrow is proud to announce the successful closing of a $8,365,000 commercial real estate transaction in the prestigious Scottsdale Airpark submarket. The property was acquired by Inspired Healthcare Capital, a leader in healthcare investment. This strategic acquisition was financed by BOK Financial and expertly brokered by John Stroud at Matthews REIS, reflecting strong collaboration across trusted industry partners. At Thomas Title, we pride ourselves on delivering seamless service with precision and professionalism. This transaction was closed by Bryan Selna, Vice President and Senior Commercial Escrow Officer, with key support from National Account Executive, Justin Wine, ensuring a smooth and timely close. This transaction further reflects the continued strength of the Scottsdale commercial real estate market, particularly in the healthcare investment space.

Real estate agent featured on Netflix show dies in a hit-and-run incident in Hamptons

Forty-year-old real estate agent Sara Burack, who appeared on Netflix’s “Million Dollar Beach House,” was killed in a hit-and-run incident in Hampton Bays, the New York Post reports. Burack, formerly of Nest Seekers International, was known for her work in luxury real estate and fundraising across New York City. After a manhunt, authorities arrested 32-year-old Amanda Kempton from Virginia, who was charged with leaving the scene of a fatal motor vehicle accident, an offense that carries up to four years in prison. Friends and colleagues remember Burack as a hardworking professional who transitioned from her family’s commercial construction business to become a successful real estate agent in the elite Hamptons market.

The New York Stock Exchange signs lease for office space in Dallas financial distric

The New York Stock Exchange is expanding its presence into Texas with a significant real estate transaction in Dallas, the Dallas Business Journal reports via WFAA-TV. The NYSE Texas division has secured a 28,000-square-foot office space in the prestigious Old Parkland development, known for housing various financial institutions. This expansion comes as part of the growing “Y’all Street” phenomenon, where major financial institutions are establishing strong presences in Dallas-Fort Worth. The NYSE Texas operation has already shown rapid growth, adding over three dozen dually listed companies and funds, positioning itself competitively against Nasdaq and the upcoming Texas Stock Exchange.

Office sales slow in Nashville in first quarter, but rents, vacancy rates remain steady

Nashville’s office market showed mixed performance in Q1 2025, with a significant slowdown in investment activity as only two properties were sold for a total of $25.8 million, marking a 62.8% year-over-year decline, Commercial Search reports. Despite this downturn, the market maintained a relatively healthy vacancy rate of 18.4%, below the national average, while offering competitive rental rates at $31.64 per square foot. The construction pipeline remained robust with approximately 1.5 million square feet under development, matching Manhattan’s volume, while the coworking sector continued to expand with nearly 2.2 million square feet across 116 locations. The market also showed potential for adaptation, with 21 properties identified as prime candidates for office-to-residential conversions, indicating flexibility in addressing changing market demands.